Who owns American Access?
American Access, headquartered in Downers Grove, Illinois, is a specialty line auto insurance carrier and agency. American Access Casualty Company was chartered in 1999. Newins Insurance Agency Holdings, LLC began operations in 1975. The combined entities have been serving their insureds for over 20 years and focus on large, urban areas with a substantial concentration…
American Access, headquartered in Downers Grove, Illinois, is a specialty line auto insurance carrier and agency. American Access Casualty Company was chartered in 1999. Newins Insurance Agency Holdings, LLC began operations in 1975. The combined entities have been serving their insureds for over 20 years and focus on large, urban areas with a substantial concentration in Hispanic communities.
Who owns American Access?
Back in 2021, CHICAGO Kemper Corporation entered into a definitive agreement to acquire American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings, LLC, and its subsidiaries, in a cash transaction valued at $370 million.
The transaction is expected to close in the first quarter of 2021, subject to regulatory approval and other customary closing conditions.
The Kemper family of companies is one of the nation’s leading specialized insurers. With $14.1 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families, and businesses through its Auto, Personal Insurance, Life, and Health brands. Kemper services over 6.3 million policies, is represented by more than 30,000 agents and brokers and has over 9,300 associates dedicated to meeting the ever-changing needs of its customers
American Access is a great addition to Kemper’s specialty auto franchise and aligns with our strategic intent to serve growing niche markets with affordable and easy-to-use products. Their distribution capabilities, including strong customer and agent relationships, will expand our geographic footprint and when combined with our financial resources will create increased reach and incremental scale,” said Duane Sanders, president of Kemper’s property and casualty division, in a statement.
